87 E Olive Ave 2,940 SF 60% Leased Office Building Fresno, CA 93728 $971,054 CAD ($330.29 CAD/SF) 5.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable Rental Income – The multi-tenant structure provides diversified revenue streams, reducing risk while maintaining steady cash flow.
- Value-Add Opportunity – Significant potential to increase rental rates, enhance amenities, or modernize the property to maximize returns.
- Low Maintenance & Efficient Layout – The well-maintained property offers flexible office configurations with minimal upkeep required.
- High Demand Office Spaces – Ideal for professionals, startups, and small businesses looking for well-located and affordable office solutions.
- Strategic Location – Positioned in a high-traffic commercial district, ensuring strong tenant demand and occupancy stability.
EXECUTIVE SUMMARY
Seize this exceptional investment opportunity—a fully leased, income-producing office building featuring 11 individual office units in a prime commercial location. With 2,940 sq. ft. of rentable space, this property is a versatile asset ideal for investors seeking consistent cash flow and future upside potential.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
2,940 SF
Building Class
C
Year Built/Renovated
1969/2021
Price
$971,054 CAD
Price Per SF
$330.29 CAD
Cap Rate
5.59%
NOI
$54,282 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,470 SF
Slab To Slab
9’
Building FAR
0.49
Lot Size
0.14 AC
Zoning
CMS - Commercial
Parking
10 Spaces (3.4 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 450-172-11 | Improvements Assessment | $336,666 CAD (2023) |
| Land Assessment | $45,908 CAD (2023) | Total Assessment | $382,574 CAD (2023) |
